Answer:
depletion expense for 2018 6,019.18
Explanation:
$526,000 cost
1,031,000 tons
We have a cost(the mine) which is associate with an asset available, that will be depleted over time (iron ore)
So we have to distribute this cost at the rate this asset is being depleted:
cost/tonds of iron ore = depletion per ton
526,000/1,031,000 = 0.5101
Then we multiply this rate by the extracted amount of 2018
depletion expense for 2018
0.5101 x 11,800 = 6,019.18
Answer:
Interactive sites where users write about personal topics and comments to a threaded discussion are called <u>Blogs</u>.
Explanation:
Blog is an online system where a writer or sometimes multiple writers describe any particular topic. The users can comment on these writings and conversations can be made. Blogs are an excellent platform to discuss any topics.
Blogs can be of different kinds depending on how a blogger chooses to write. Some types of blogging include a personal blog which is more like a diary of a person, group blogs, and microblogging.
1) the established restaurant is more likely to obtain a lower interest rate. This is because the risk in this case is smaller so the bank will accept a lower return
2)a) the exports are getting more expensive: things that used to cost 1 dollar (60 krona) now still cost 1 dollar, but now it's 120 Krona! because of this also b) the live standards will fall. The c) Krona is loosing its value, so it's depreciating.
Answer:
Inventory turnover will be 6
Explanation:
We have given purchased cost of inventory = $960000
Cost of goods sold = $900000
Ending inventory is given = $180000
Cost of goods available for sale = $900000+$180000 = $1080000
So beginning inventory = cost of goods available for sale - purchases = $1080000 - $960000 = $120000
So average inventory
We have to fond the inventory turnover
Inventory turnover is the ratio of cost of goods sold to average inventory
So inventory turnover
So inventory turnover will be 6
Answer:
Estimated Annual Overhead divided by Estimated Annual Activity Level
Explanation:
The computation of the predetermined overhead rate. The formula is shown below:
Predetermined overhead rate = (Total estimated manufacturing overhead) ÷ (estimated direct labor-hours)
The estimated direct labor hour is a part of the activity level
And, it shows a relationship between the Total estimated manufacturing overhead and the estimated annual activity level
Hence, all other options are wrong